Business
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December 16, 2024
Federal fiscal update after Freeland’s shock departure features tax, legal changes of note to bar
Boosting the number of judges in Ontario’s Unified Family Court and Court of Appeal, making “bail and sentencing laws stricter,” and new civil remedies — and criminal penalties of up to $1 million for corporations — under the Bankruptcy and Insolvency Act, were among the new measures proposed in the 2024 fall fiscal update by the minority Liberal government after Deputy Prime Minister and Finance Minister Chrystia Freeland stunned Ottawa by resigning from the Cabinet a few hours earlier.
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December 16, 2024
Alberta Court of Appeal upholds default judgment in mortgage action, affirms property sale
The Alberta Court of Appeal has upheld a default judgment in a mortgage enforcement action and affirmed a third-party property sale, finding that the mortgagor did not have a reasonable prospect of successfully defending the action.
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December 16, 2024
Class action certified against Airbnb for alleged breach of consumer protection laws
The British Columbia Supreme Court has certified a class action against short-term rentals giant Airbnb alleging breach of provincial consumer laws, claiming it is not licensed to provide real estate or travel agent services, nor can it transfer funds between customer and host.
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December 16, 2024
Tyr LLP adds associate
Toronto litigation firm Tyr LLP announced that Sam Cotton has joined its trial team.
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December 16, 2024
Two Montreal law firms join forces
Spiegel Sohmer and Ravinsky Ryan Lemoine have decided to merge and will operate under the new name of Spiegel Ryan as of Jan. 1, 2025.
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December 13, 2024
Feds to remove 30% Canadian pension fund investment cap, boost R&D in Fall Economic Statement
In a bid to boost domestic investment by Canadian pension funds, the federal government is set to remove a cap that restricts pension funds from owning more than 30 per cent of the voting shares of a Canadian entity, according to a release.
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December 13, 2024
Meta agrees to pay $9M to settle Quebec class action over unauthorized sharing of user data
Tech giant Meta has agreed to pay $9 million to settle a Quebec class action concerning allegations that Facebook shared the personal and private information of its users with third parties without their consent.
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December 13, 2024
CRTC sets bargaining framework under Online News Act, brings changes to Broadband Fund
The Canadian Radio-television and Telecommunications Commission (CRTC) has announced that it is establishing a mandatory bargaining framework under the Online News Act. It also said it is improving its Broadband fund to serve more communities lacking high-speed internet.
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December 13, 2024
B.C. woman receives $3.3 million in sanctions for investment fraud
The B.C. Securities Commission (BCSC) has ordered nearly $3.3 million in sanctions against a woman who carried out predatory investment fraud “under the guise of helping Chinese students and tourists.”
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December 13, 2024
Federal government intervenes to end postal strike as early as next week
In what one labour lawyer calls a significant challenge to legal norms, the federal government has announced that the Canada Industrial Relations Board (CIRB) will intervene to potentially bring an end to a strike by 55,000 members of the Canadian Union of Postal Workers (CUPW) as early as next week.